For Sale/For Lease
Clinton Township, MI - Gratiot Avenue - Vacant KFC
37710 S Gratiot Avenue | Clinton, MI 48036
$1,370,000
Price1979
Year Built1,929
± SF Building Size0.86
± AC Lot SizeDescription
SRS National Net Lease Group is pleased to offer the opportunity to lease a drive-thru equipped, 1,929 SF former national quick service restaurant located in Clinton Township, Michigan. The former tenant, KFC, no longer occupies the building and is not paying rent. Built in 1979, the site consists of approximately 35 parking spaces on its 0.86-acre parcel. Moreover, the building is equipped with a drive-thru, providing ease and convenience for future customers. The property is zoned B-3 (General Business), providing for a wide range of retail and business uses. The site presents an excellent development opportunity in a highly desirable retail location.
Location
The subject property is strategically located along Southbound Gratiot Ave., a major retail road averaging a combined 55,600 vehicles passing by daily. The site benefits from nearby direct on/off ramp access to Interstate 94, a major thoroughfare averaging over 111,900 VPD. The asset is located in a dense retail corridor, with numerous nearby national/credit tenants including Lowe’s, Big Lots, McDonald’s, Family Dollar, 7-Eleven, CVS Pharmacy, Walgreens, Taco Bell, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by over 214,000 residents and 82,000 employees, providing a direct consumer base from which to draw. Residents within a 5-mile radius of the subject property have an average household income of $89,058.
Documents & Links
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 Offering Memorandum |  |  |